CHICAGO, March 6 (Reuters) – Chicago Mercantile Exchange live cattle futures eased on Monday on profit-taking and technical selling, although losses were limited by firm wholesale beef prices and the discount of futures to cash prices, traders said. April live cattle closed down 0.425 cent per pound to 115.550 cents, slipping below the contract’s 50-day […] Read more
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CME live cattle sink on technical selling; hogs firm
Weather a key factor for futures Monday
Futures didn’t see big moves Monday, but spring wheat and canola sold off a few cents, making it a generally down day for western Canadian farmers. However, American winter wheat contracts rose a few cents and soybeans closed flat on the day. Weather around the world continues to be the key focus of traders. Reports […] Read more
Carbon technology centre established in Alberta
The Alberta and federal governments have each earmarked $10 million for a facility that will test technologies that convert carbon dioxide emissions into usable products. In a March 3 announcement, federal Minister of Natural Resources Jim Carr and Alberta Minister of Economic Development and Trade Deron Bilous applauded the pending formation of the Alberta Carbon […] Read more
Canola’s economic influence explodes in last 10 years
Canada’s canola industry produces tens of billions of dollars of economic value, creates hundreds of thousands of jobs and is a major export earner. It’s a stunning result for a crop that didn’t truly exist 50 years ago and that had only one-third the impact just a decade ago. “We see an incredible amount of […] Read more
U.S. ethanol group clashes with Icahn over details of biofuels negotiation
NEW YORK, March 3 (Reuters) – The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week President Donald Trump was about to issue an order overhauling the U.S. biofuels program – something both Icahn and the White House have denied. Confusion over Trump’s plans for the Renewable Fuel Standard […] Read more
Video: Merger, U.S. farm bill, trade and hybrid wheat major topics at Commodity Classic
SAN ANTONIO, Texas — Day one of the 2017 Commodity Classic ended with a series of press conferences for the 165 journalists attending the event. The most intriguing one was the joint Bayer-Monsanto press conference where two former adversaries embraced one another for a photo opp. Adrian Percy, global head of research and development with […] Read more
Canola climbs three percent on week
May canola closed higher on Friday with support from a weaker loonie and stronger soybean oil futures. Other grain futures changed little on the day. May canola closed at $532.60 up $4.20 a tonne. New crop November closed at $512.30 up $3.60. Over the week May rose $15.90 a tonne or 3.1 percent while November […] Read more
Fallen cash, pork prices slam CME hog futures
CHICAGO, March 3 (Reuters) – Chicago Mercantile Exchange lean hog futures sank more 2 percent on Friday following lower cash and wholesale pork values, said traders. They said worries about a looming supply buildup furthered hog futures losses. April hogs ended 1.525 cents per pound lower at 66.750 cents, and May down 1.350 cents to […] Read more
EU spring barley sowing under way after mild end to winter
PARIS, March 3 (Reuters) – A mild end to winter has helped European Union farmers start sowing spring barley and wetter conditions since last week could boost crop prospects even if rain slows field work. The barley crop area is likely to be adjusted only slightly as farmers weigh up attractive prices for varieties used […] Read more
Oil, biofuel groups urge U.S. EPA deny refiner requests to tweak RFS program
NEW YORK, March 2 (Reuters) – A coalition of trade groups representing oil, biofuels and other interests pressed the U.S. government on Thursday to deny requests to tweak the country’s biofuels program, the latest in a series of political maneuvers that have roiled markets. Some 15 trade groups including the American Petroleum Institute (API), Biotechnology […] Read more
